(a) Notice for School Notice Board
This is to inform all the students that our school has recently constructed a Science Park, equipped with state-of-the-art scientific apparatus and models to enhance learning through practical demonstrations. The park will be inaugurated on 20th January 2025 at 10:00 AM in the school premises.
All students are cordially invited to attend the inauguration ceremony and explore the facilities available. For further information, contact the undersigned.
Rashi Kapoor
President, Science Club
Write a letter to the editor of a local newspaper expressing your concerns about the increasing “Pollution levels in your city”. You are an environmentalist, Radha/Rakesh, 46, Peak Colony, Haranagar. You may use the following cues along with your own ideas:
Manav and Namit were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March 2024 was as follows:
Liabilities | Assets | ||
---|---|---|---|
Capitals: | Machinery | ₹8,00,000 | |
Manav | ₹4,00,000 | Investments | ₹5,00,000 |
Namit | ₹6,00,000 | Debtors | ₹12,00,000 |
Bank Overdraft | ₹9,00,000 | Stock | ₹3,00,000 |
Creditors | ₹10,00,000 | Cash in Hand | ₹1,00,000 |
Total | ₹29,00,000 | Total | ₹29,00,000 |
The firm was dissolved on the above date and the following transactions took place:
[(i)] Stock was given to creditors in full settlement of their account.
[(ii)] Investments were taken over by Manav at 120% of book value.
[(iii)] Bad debts amounted to ₹ 2,00,000.
[(iv)] Machinery was realised at 50% discount.
[(v)] Realisation expenses amounted to ₹ 1,00,000 which were paid by Namit.
Prepare Realisation Account.